Input tax credit on job-work supplies: principal can claim credit even when goods are sent directly to the job worker. The principal is entitled to input tax credit on inputs and capital goods sent for job work, including when such goods are dispatched directly to the job worker, subject to prescribed conditions and restrictions. If inputs or capital goods are not returned or supplied from the job worker's place in accordance with statutory supply routes within the prescribed period, they are deemed to have been supplied by the principal on the date of dispatch, with the running of the period counted from the job worker's receipt when goods are sent directly. Moulds and dies, jigs and fixtures and tools are excluded from the deeming provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit on job-work supplies: principal can claim credit even when goods are sent directly to the job worker.
The principal is entitled to input tax credit on inputs and capital goods sent for job work, including when such goods are dispatched directly to the job worker, subject to prescribed conditions and restrictions. If inputs or capital goods are not returned or supplied from the job worker's place in accordance with statutory supply routes within the prescribed period, they are deemed to have been supplied by the principal on the date of dispatch, with the running of the period counted from the job worker's receipt when goods are sent directly. Moulds and dies, jigs and fixtures and tools are excluded from the deeming provisions.
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